Here are the 10-Q quarterly reports from LightWave Acquisition Corp. (LWAC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow LWAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LWAC filings page.
LightWave Acquisition Corp., a Cayman Islands SPAC, reported net income of $3.39 million for the six months ended June 30, 2026, driven primarily by $3.90 million of earnings on investments in its Trust Account. The company has not begun operating activities beyond its IPO and target search.
Total assets were $224.60 million, including $223.98 million held in the Trust Account backing 21,562,500 redeemable Class A shares at approximately $10.39 per share. Cash outside the Trust Account was $472,668 with working capital of $283,364, and a shareholders’ deficit of $7.26 million reflecting accretion of redeemable shares.
Management discloses that ongoing costs, limited working capital, and the need to complete a Business Combination by June 26, 2027 raise substantial doubt about the company’s ability to continue as a going concern. Plans rely on securing debt or equity financing and successfully closing a Business Combination.
LightWave Acquisition Corp., a blank check company, reported net income of $1,755,823 for the quarter ended March 31, 2026, driven almost entirely by $1,935,148 of earnings on investments in its Trust Account and modest interest on its operating cash. Operating activity remains limited, with general and administrative costs of $185,837 reflecting public-company and deal-search expenses rather than revenue-generating operations.
Total assets were $222,829,375, including $222,014,999 held in the Trust Account and cash of $625,445 outside the trust. As of March 31, 2026, 21,562,500 Class A ordinary shares were subject to redemption at about $10.30 per share. Management discloses that projected working capital needs and expected future costs create substantial doubt about the company’s ability to continue as a going concern within one year without additional debt or equity financing.